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Higher low, lower high system

  • #6,921
  • Jan 30, 2014 4:39am Jan 30, 2014 4:39am
Quoting danc
V thanks for all that will have a good hard look....CM.. I don't know any thing about it... first hear it mentioned here.. I see a connection to it on your thred.. will start to put my head around it..not doing any more to night... sure can see possibilitys thou..bldy amazing... more on this later and maby a few questions re CM..
I'm sure you'll read up about the CM that compares the strength of the currency against many pairs to see if its strong/weak across the board. Very basically if 2 pairs are equal strength then like eurgbp above it might be drifting. Focusing on strongest and weakest eg if eur weak and aud strong looking to sell euraud.

There are some other options when pairs are switching around or equally weak and 1 side is getting stronger. Haven't enough live chart watching with CM to venture an opinion on this yet. You only need one strong trade a day (in addition to the longer term trades) to keep the doctor away.
  • #6,922
  • Jan 30, 2014 4:42am Jan 30, 2014 4:42am
Quoting Vantage
{quote} The idea will be to target 40-50 pip moves to exit at D or W pivots/clear SR levels for strong v weak pairs. Entry from 1hr or 15 min. 1hr close beyond immediate range/3 bar reversal, 15 min should have good angle on ma's (pick your preferred this is 8lwma + 8lwma 3 shift), some kind of pause/retrace/test of ma. {image}
Just wanted to stress that none of the bits and pieces we like here like first trade is the best, avoid weak LO or pre/early US CT candles, hl/lh's, hl/lh after divergence, trend V CT rules goes out the window. The CM just becomes (possibly) another tool to focus on which pair to trade.
  • #6,923
  • Jan 30, 2014 7:40pm Jan 30, 2014 7:40pm
Quoting Vantage
{quote} Just wanted to stress that none of the bits and pieces we like here like first trade is the best, avoid weak LO or pre/early US CT candles, hl/lh's, hl/lh after divergence, trend V CT rules goes out the window. The CM just becomes (possibly) another tool to focus on which pair to trade.
MMM Yeah.. will have good look over week end... something I just want to mention.. I have been trading the ADUD.. and amongst other things using the GBPAD and EU AD as lead indicators... quite often they will start to move but not the AZZZ often there is a time lag..and then she goes.. now next and I am not totally sure of this but strongly suspect it is so.. that is the GBP AD is the dominante one of the three.. like I said early stages.. let me add a little more.. that is it appears to me the GBPAD.. respects the dominant pivots much more than the other 2.. ones I use week.. mid point only and the 3 week and 3 day.. 3 day of course changes daily.. any how I will shut up now am starting to waffel
  • #6,924
  • Jan 30, 2014 7:52pm Jan 30, 2014 7:52pm
just an example GBPAD.. 4 hr I traded it down over nite and am long it now.. lime green line is 3 week mid.. see how it respects it..wouldn't be surprised if one of the key week pivots come in there.. I use fibo pivots..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 35 KB
  • #6,925
  • Jan 30, 2014 8:37pm Jan 30, 2014 8:37pm
Have the same picture, but whats the point ?

A look at H1 discovers also a direction.. Easy afterwards
Lets have a look tomorrow..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp aud.jpg Size: 153 KB
Click to Enlarge Name: gbp aud 1.jpg Size: 173 KB
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  • #6,926
  • Jan 31, 2014 2:02am Jan 31, 2014 2:02am
Quoting danc
{quote} MMM Yeah.. will have good look over week end... something I just want to mention.. I have been trading the ADUD.. and amongst other things using the GBPAD and EU AD as lead indicators... quite often they will start to move but not the AZZZ often there is a time lag..and then she goes.. now next and I am not totally sure of this but strongly suspect it is so.. that is the GBP AD is the dominante one of the three.. like I said early stages.. let me add a little more.. that is it appears to me the GBPAD.. respects the dominant pivots much more...
I'll see if I can pick up the leading GA and EA of AU. All I've seen so far is I like EA and AU to be mirrors of each other.

GA and EA seem to really run to the W pivots. 3 week and 3 day pivots ???
  • #6,927
  • Jan 31, 2014 2:16am Jan 31, 2014 2:16am
Yeah.. Amy c started me on that .. I don't get to involved keep it simple .. basicly just the mid points.. and run em out only if other points say a btm or top is possible..MM oh I have stole your 8+8 3 ext and am using on 5 and 15.. goes good specialy with CCi..4 me any how.. not in mood to night..
  • #6,928
  • Jan 31, 2014 2:20am Jan 31, 2014 2:20am
Amy also reckons 3by 4 hr.. have played with it.. played only.. seems to work good if it breaks throu it hard,.. scalping thou hey..
  • #6,929
  • Jan 31, 2014 2:30am Jan 31, 2014 2:30am
here is the GBPAUD.. 4 hr like the one I posted this morning..were I enterd notice pin found support at weekly mid and went up the red crimson broken line is to days 3 day mid.. were it hit resistance.. I closed it for 50+
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 38 KB
  • #6,930
  • Jan 31, 2014 6:09am Jan 31, 2014 6:09am
GU neg D close, sold 1hr lower high from 4hrs ago 1.6458. Didn't go anywhere and decided to exit at BE.

EURAUD D closed negative but we had support at W S1. 4hr morning star pattern, 1hr higher low bought 1.5481. Retracing quite a bit so will post charts if trade does result in anything.
  • #6,931
  • Feb 1, 2014 1:59am Feb 1, 2014 1:59am
I was asked if I could summarise my trade ideas a little more concisely as the person wants to get that in his head and then follow the various suggestions on the links in the first post.

I have amended the example in post 1 that refers to GU D and 1hr charts for Aug and Sep. As long as I don't change those ref charts but the explanation below is for a buy. So from the 1st post:

The first thing is to ask the 2 questions i.e. :

Have we just had a trend change/in trend and then,
Where is the next support/resistance level?

So is the daily trending (had a 3-7 day reversal pattern or on its own higher low or lower high), fozzy rsi cross, rsi above/below 50 level? Has 1hr confirmed that its trend is in line with the D trend with a good candle (on its own hl/lh, dble top/bottom, 3 bar reversal into trend) fozzy rsi cross above/below 50 rsi.

See the charts attached (post 1). At the end of Aug the D has several days of lower wicks and inside bars before closing above the 8lwma and above the RSI 50 level. So our 3-7 day rule has been met and we would be looking for opportunities to buy. So we are reasonably confident that a move up can be expected. Price action, the flow, must confirm on your entry time frame. The 1hr is confirming the D buy view when it also is on a higher high higher low flow. The entries from 1hr showing the initial trade then the higher low re-entries. A few examples (not all successful) shown.

If the 1hr was very weak, in the case of a buy, making lower highs and lower lows or unable to close above the 8lwma you would have 3 choices. Wait for 1hr flow to revert to a decent buy signal, look at your counter trend rules or sit out.
  • #6,932
  • Edited Feb 4, 2014 1:28am Feb 3, 2014 10:20pm | Edited Feb 4, 2014 1:28am
Yesterday EURAUD came down to the 1.5300 support level. 1hr 3 bar reversal, large doji. Bought, exit this morning when 4hr stalled with the news coming. +91.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 32 KB
Click to Enlarge Name: euraudh1.png Size: 46 KB
  • #6,933
  • Feb 3, 2014 10:24pm Feb 3, 2014 10:24pm
EURAUD moved back into the 1.5500 resistance area. 4hr inside bar, 1hr divergence negative close. Exit at Y's low +142.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1 2.png Size: 46 KB
  • #6,934
  • Feb 4, 2014 1:31am Feb 4, 2014 1:31am
Quoting Vantage
EURAUD moved back into the 1.5500 resistance area. 4hr inside bar, 1hr divergence negative close. Exit at Y's low +142. {image}
BLDY...NICE
  • #6,935
  • Feb 4, 2014 1:33am Feb 4, 2014 1:33am
GBPAUD - we are at the support/resistance level clearly seen on D from 12/13 Dec and 20/24 Dec. 1hr lower high sold 1.8307.

For now the currency meter has GBP weak (only USD weaker) and AUD strongest so expecting push lower.

Will post chart if trade plays out.

Yesterday GBP was by far the weakest, AUD the strongest and we missed the LO engulfing negative close.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 15 KB
  • #6,936
  • Feb 4, 2014 1:38am Feb 4, 2014 1:38am
Quoting danc
{quote} BLDY...NICE
AUD seems to go very nicely and in 1 direction on its news releases. Mrs V got up early for that one whilst I was and we will try to look out for (and wake up) its high impact releases.
  • #6,937
  • Feb 4, 2014 10:50pm Feb 4, 2014 10:50pm
Quoting Vantage
GBPAUD - we are at the support/resistance level clearly seen on D from 12/13 Dec and 20/24 Dec. 1hr lower high sold 1.8307.
Took a small loss on this one, but sold again at 1.8326 and got some back but out when move lower never followed through. Not fussed to post charts on this.
  • #6,938
  • Feb 6, 2014 7:32pm Feb 6, 2014 7:32pm
http://www.henryliuforex.com/images/chf-bg.png http://www.henryliuforex.com/images/24h-spacer.png 5.70 4.80 4.70 http://www.henryliuforex.com/images/spacer.png http://www.henryliuforex.com/images/cad-bg.png http://www.henryliuforex.com/images/aud-bg.png http://www.henryliuforex.com/images/jpy-bg.png http://www.henryliuforex.com/images/nzd-bg.png 3.00 http://www.henryliuforex.com/images/24h-spacer.png 2.00 6.20 3.00 Currency Strength Meter

Still playing wit it V.. but have found a good one I think.. GBP last nite AZ nite was 1.. and I short for gains... az was stronger.. tday opposite.. current short AZUD.. long EUAD and GBP ad.. the rate it .. 1 to 9.. is that rite??jpy strongest must have look..??
  • #6,939
  • Feb 6, 2014 7:32pm Feb 6, 2014 7:32pm
sorry wont post.. currency metre that is
  • #6,940
  • Feb 6, 2014 8:07pm Feb 6, 2014 8:07pm
V......I am out of every thing now.. FLAT.. but looking to buy again the EUAD and GBPAD.. and short again the AD.. here is picture of day GBP AD.. I reckon it will turn if it hits 8070/80 ish.. all just my opnion of course could be totally wrong.. sorry about the strength metre.. wouldn't post proper.. more on this later and some questions..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpauddaily.png Size: 78 KB
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